South Carolina Power Team

Important update from our June Board meeting! There are several important revisions to our Cooperative Revolving Loan Program: ✅ Interest Rates: 0% for years 1-3, SOFR + 1% for years 4-5, and SOFR + 2% for years 6-10. ✅ Loan Amount: Increased maximum from $500,000 to $1,000,000. ✅ Loan Limit: Up to two open loans per cooperative service territory. With these changes, we aim to enhance our support and growth opportunities for projects within our cooperative areas! Visit our website to learn more about the financial programs and services we offer: https://lnkd.in/gbpPTs5Y

Please join us in welcoming Rob Ardis, PE to the Board of Trustees! Rob has been the President and CEO of Santee Electric Cooperative since 2015. With an additional 14 years at Pee Dee Electric Cooperative, he brings a wealth of experience to the board. Rob also serves on the ECSC, Central and CEEUS boards, and is an ex-officio member of the South Carolina Public Service Authority board. Rob graduated from Francis Marion University with degrees in physics, mathematics and an MBA. He also holds an electrical engineering degree from The University of Tennessee and is a registered professional engineer in South Carolina. Rob is a member of the National and South Carolina Societies for Professional Engineers and coordinates the annual MathCounts competition. View the entire board here: https://lnkd.in/eyyJdA5r

The South Carolina Power Team is constantly enhancing the Statewide Water and Sewer study to identify additional locations with substantial water and/or sewer capacity throughout South Carolina. 💧 The study evaluates the water and sewer providers across South Carolina which had a documented capacity greater than 2.5 million gallons per day, ensuring your projects have the resources they need to thrive! The findings of the Statewide Water and Sewer Study can also be viewed on our Property Database: https://lnkd.in/dTH-DZh

The South Carolina Power Team is constantly enhancing the Statewide Water and Sewer study to identify additional locations with substantial water and/or sewer capacity throughout South Carolina. 💧 The study evaluates the water and sewer providers across South Carolina which had a documented capacity greater than 2.5 million gallons per day, ensuring your projects have the resources they need to thrive! The findings of the Statewide Water and Sewer Study can also be viewed on our Property Database: https://lnkd.in/dTH-DZh

Wishing everyone a happy #FourthofJuly! We hope you have a safe day celebrating our nation's independence.

Celebrating a milestone moment from our 2023 Annual Report: FN America, LLC announced it is expanding operations to Pickens County with a $33 million investment that will create 176 new jobs. This project will be powered by Blue Ridge Electric Cooperative. The electric cooperatives continue to play an essential role in creating opportunities for those we serve and in attracting new industrial electric loads! Explore this exciting development and more in our Annual Report: https://lnkd.in/ei6Cwy_i

Businesses are finding their way to South Carolina from all over the globe. Here's why: 🔌 With two-thirds of the state served by electric cooperatives, reliable and affordable energy is always within reach. 💼 Our right-to-work state status and low unionization rate make South Carolina a very attractive destination. 🚚 From the Port of Charleston to our extensive rail network, and five interstates, our transportation and logistics infrastructure is second to none. 🏡 1,800 miles of shoreline, low property taxes and an average annual temperature of 68°F. Whether you're drawn to our thriving business environment, world-class infrastructure or unbeatable quality of life, join us and discover why so many businesses call South Carolina home. https://lnkd.in/e2d4fiEr

Discover how public-private partnerships and special assessment districts played a crucial role in the Atlanta Braves' relocation. At EDR, Malaika Rivers, Founder and President of Pontem Resources, shared insights on this impactful strategy in Georgia and potential opportunities in South Carolina. Watch now: https://lnkd.in/etZu8_Xq

In 2023, the total capital investment announced across electric cooperative-served territory reached $2.31 billion, more than 2x our initial metric. Here's the detailed breakdown: 🖥️ Data Centers: $1.8 B 🚚 Warehouse/Distribution/Logistics: $103.9 M 🏭 Advanced Manufacturing: $379 M 💼 Corporate Operations: $9.21 M 🌾 Agribusiness: $20.56 M Data centers made a significant impact with $1.8 billion in investments, including a $1 billion commitment from QTS Data Centers in York County, served by York Electric Cooperative, Inc. Advanced manufacturing and warehouse/distribution sectors also saw impressive growth, attracting $379 million and $103.9 million. These investments highlight the Palmetto State's appeal for diverse industries. South Carolina's electric cooperatives are dedicated to ensuring they have the reliable power needed to drive innovation and growth.

Welcome to the first day of Summer! 🌞 As the heat begins to rise outside, we’d like to thank the 19 electric cooperatives serving our state. They're the backbone of reliable energy for two-thirds of our residents, ensuring everyone stays cool and comfortable. We're proud to support their efforts in keeping South Carolinians cool and connected. Aiken Electric Cooperative, Inc., Berkeley Electric Cooperative, Inc., Black River Electric Cooperative, Blue Ridge Electric Cooperative, Broad River Electric Cooperative, Coastal Electric Cooperative, Edisto Electric Cooperative, Inc., Fairfield Electric Cooperative, Horry Electric Cooperative, Inc., Laurens Electric Cooperative, Little River Electric Cooperative, Lynches River Electric Cooperative, MPD Electric Cooperative, Mid-Carolina Electric Cooperative, Inc., Newberry Electric Cooperative, Palmetto Electric Cooperative, Inc., Santee Electric Cooperative, Tri-County Electric Cooperative, and York Electric Cooperative, Inc.